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Martinghoul, the following chart just popped up overhere which I thought you might find interesting. What's remarkable is the foreign holding percentage as Belgian debt was far more localy financed about a decade or 2 ago. Such high level of depence across the boarders certainly makes...

Hedge-fund billionaire John Paulson’s gold fund lost 14 percent in January, its first month of operation, two investors said. The fund invests in mining companies and bullion-related derivatives, according to the investors, who asked not to be named because the fund is private. Paulson’s...

Hooray!:D

We had a +50% crash in commodities and a 30% crash in gold in 2008. There you had it, a big correction driving out the weak hands.

This topic is a year old dude...:p

Nice call Marc.:cool: A bit early though.

France itself has defaulted 7 times on it's debt these last 500 years. It wasnt the end of the world then and it won't be the end of the world this time around.

Maybe they didnt try hard enough.

Any idea on Taleb's idea of a 100% risk free portfollio composition? Thanks.

My Belgian newspaper today talks about an 80 billion Euro exposure from local banks to the 'Club Med'. :D

Oops. Thanks a million.:D

Sorry to persist but did you guys watch it in English the video?

You guys speak Russian?:confused:

Could you explain then why they don't just add to the national debt? I understand it would hurt their creditworthiness and the perception on that even perhaps leading to another downgrade but that's not the end of the world is it?

Spain should nationalize Banco Santander. They had an 8 Billion Euro profit last quarter? In no time national debt is payed off. Screw shareholders.

Goldstocks are green! Halleluja...:p

That's true but only till a certain extend. For instance if you owned oil from 10$ to 150$. Somewhere along the line one makes a profit in true terms. Ofcourse where that is is up for debate.

That's just not right. If you bought gold at 250$ an ounce and you can sell it for 1050$ an ounce you made a nice profit period. Guns, currency collapse etc have nothing to do with it.

In this globalized world we have to deal with the consequences of being subject to the behaviour of the local currency versus other major players. For people in Australia for instance they have seen gold slide a wopping 30% since the highs achieved in early 2009 despite gold reaching new...

In Euro's gold is down a mere 4% from an all time high!:)